2:00p Fed slices growth outlook, ups jobless view 2:00p Fed sees 2014 core PCE inflation 1.5%-2% 2:00p Fed cuts 2013 core PCE inflation view to 1.4%-1.9% 2:00p Fed ups 2012 core PCE inflation view to 1.5%-2% 2:00p Fed ups 2011 core PCE inflation view to 1.8%-1.9% 2:00p Fed still sees longer-run PCE inflation 1.7%-2% 2:00p Fed sees 2014 PCE inflation 1.5%-2% 2:00p Fed keeps 2013 PCE inflation view 1.5%-2% 2:00p Fed cuts 2012 PCE inflation view to 1.4%-2% 2:00p Fed ups 2011 PCE inflation view to 2.7%-2.9% 2:00p Fed's longer-run jobless view upped to 5.2%-6% 2:00p Fed's longer-run GDP view cut to 2.4%-2.7% 2:00p Fed sees 2014 jobless rate 6.8%-7.7% 2:00p Fed ups 2013 jobless view to 7.8%-8.2% 2:00p Fed ups 2012 jobless view to 8.5%-8.7% 2:00p Fed ups 2011 jobless view to 9%-9.1% 2:00p Fed 2014 GDP view 3%-3.9% 2:00p Fed cuts 2013 GDP view to 3%-3.5% 2:00p Fed cuts 2012 GDP view to 2.5%-2.9% 2:00p Fed cuts 2011 GDP view to 1.6%-1.7%
The Federal Reserve on Wednesday slashed its forecast for economic growth, raised projections for unemployment, and suggested Europe's debt crisis posed big downside risks to the U.S. economy. --------------- Any one who has not liquidated or moved their 401ks or funds out of the US stock market as of this posting is a fool. 2012-2016 is when the final push of the Bear rings in.... Not gona be pretty for those who just camp out in the markets.